press launch
PRESS RELEASE. British Virgin Islands — sixth August, 2021 — EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and choose fiat currencies, has immediately launched its DeFi platform, together with newly launched fixed- and variable-rate ledning merchandise, in addition to the superior yield aggregator and rate of interest swaps.
Brad Yasar, CEO of EQIFI, stated: “We’re extremely excited to carry our new vary of DeFi merchandise to our group and shoppers. By harnessing the ability of DeFi know-how, EQIFI is positioned to turn out to be an trade world chief. By blockchain know-how, EQIFI democratizes monetary merchandise beforehand solely obtainable to a choose few, and we’re assured that EQIFI is finest positioned to carry these merchandise to shoppers who need to embrace the evolution of digital banking, in an accessible and controlled method.”
Outlined in full beneath, EQIFI’s new merchandise simplify DeFi by consolidating a variety of subtle companies on a single user-friendly platform. The merchandise are designed to handle the shortcomings of the standard banking sector, similar to excessive charges, outdated know-how, out of date pricing fashions, and costly money dealing with.
- EQIFI Mounted-Price Merchandise are pooled loans at a hard and fast rate of interest that choose a specified future date. The consumer offers collateral within the type of ETH, wBTC, Stablecoins, or choose fiat currencies (transformed into stablecoins) in swimming pools, with fastened charges hooked up.
- EQIFI Variable-Price Merchandise function algorithmic borrow charges, making {the marketplace} mechanically conscious of adjustments throughout the community based mostly on consumer exercise and demand, growing ranges of borrowing from the token pool.
- EQIFI Curiosity Price Swaps are a DeFi ahead contract wherein one stream of future curiosity funds is exchanged for one more based mostly on a specified principal quantity. Rate of interest swaps often contain the change of a hard and fast rate of interest for a variable fee, or vice versa.
- The EQIFI Yield Aggregator is an automatic aggregator of all main exterior yield farming merchandise, making yield farming easy and computerized. The platform mechanically assigns capital between totally different liquidity swimming pools, searching for the optimum revenue and margin.
Ruled by holders of the platform’s native EQX token, EQIFI operates below a community-focused, decentralized ethos, permitting group members to make essential selections about the way forward for the undertaking, similar to listing and delisting belongings and tokens, adjusting rates of interest in response to the market, modifying collateral limits, and pausing any loans or deposits for a sure time.
EQIFI is powered by EQIBank. Launched in 2015, EQIBank is among the world’s main digital banks and affords tax-neutral private and company banking companies in a number of currencies to shoppers in over 180 international locations. EQIBank affords aggressive charges, 24/7 service, trusted safety, and an revolutionary, easy on-line international banking expertise throughout all units. EQIBank offers financial institution accounts, loans, custody, debit and bank cards, OTC, and wealth administration to EQIFI and all its certified shoppers.
Jason Blick, CEO of EQIBank and Chairman of EQIFI, stated: “EQIFI’s new vary of merchandise are an important milestone on the street to decentralised finance adoption. It is a product vary like no different, and EQIBank is happy with its function because the regulated financial institution powering EQIFI. We help and belief each EQIFI and this new vary of merchandise to carry DeFi enabled merchandise and options to mainstream audiences in an accessible manner.”
For extra data, go to www.eqifi.com.
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About EQIFI
EQIFI, the primary DeFi undertaking powered by a licensed and controlled digital financial institution, is setting new requirements, establishing trustless transactions, and driving real-world adoption.
EQIFI’s infrastructure is optimized for real-time digital interactions. We’re on the forefront of embracing immediately’s ever-demanding tradition that needs to embrace the evolution of digital applied sciences.
For Media Enquiries
David Cullinan
Chief Advertising officer
EQIFI
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